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MC Qu. 76 Lucas Inc. earned ... Lucas Inc. earned $15 million last year and retained $6 million. Lucas has 5 million shares outstanding, and

MC Qu. 76 Lucas Inc. earned ... Lucas Inc. earned $15 million last year and retained $6 million. Lucas has 5 million shares outstanding, and the current price of Lucas shares is $30 per share. What is the payout ratio? 40% 2.67% 4% 60%

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